Despite Very Little Time, Congress Schedules a Lot

Credit union lobbyists will face a packed legislative schedule when Congress comes back into session next week, CUNA says.

Its vice president of legislative affairs, Ryan Donovan, noted during a press call Monday that the House Committee on Financial Services has scheduled itself to hold more hearings than the House of Representatives is expected to be in session. Some of those include field hearings in New York in conjunction with the 9/11 anniversary.

Also, the Senate Committee on Banking, Housing and Urban Affairs has scheduled a Sept. 6 confirmation hearing for Richard Cordray to head up the Consumer Financial Protection Bureau.

Donovan recalled that the Cordray hearing had been postponed from early August and cautioned against assuming that its quick date indicated any agreement on the committee about the nomination going forward.